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Jan 16, 2013
01/13
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they agreed to higher taxes on a certain group of people. >> they got permanent tax cuts for 98% of the people. >> that's obama's line. look, they don't have to cave now. now the issue is spending and debt. they should not, they must not cave now. >> sean: why do you disagree? >> i'm just, i'm a realist and a pragmatist. and i do not believe that there's any possibility of dealing with entitlement spending in the the next eight weeks to get something through congress. >> sean: quick question. >> which is what we need to do. >> sean: what wok so bad if the republicans said we're not going to raise the debt ceiling unless there's significant cuts. >> that should be the opening position. >> sean: then you have them cave? >> there has to be-- >> you two are hard to take seriously in your jeans, stuart varney is wearing a sport coat and-- it's not a suit and thrown my whole world upsidedown. >> sean: he's got lighter jeans. >> flat-out changed the subject. >> i learned that somewhere. >> sean: dodge. >> shift in position. >> sean: you say sage bob beckel "the five". >> did you not to that. t
they agreed to higher taxes on a certain group of people. >> they got permanent tax cuts for 98% of the people. >> that's obama's line. look, they don't have to cave now. now the issue is spending and debt. they should not, they must not cave now. >> sean: why do you disagree? >> i'm just, i'm a realist and a pragmatist. and i do not believe that there's any possibility of dealing with entitlement spending in the the next eight weeks to get something through congress....
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Jan 21, 2013
01/13
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they file taxes. now, i know you are against refunds, but do you think it's possible they delay refunds? >> i'm hopeful it's not. i think the reality is congress will do the right thing. possibly suspend the debt ceiling, allow for, you know, lenders to get paid both, you know, people holding treasuries as well as people who are actually lending the government money expecting a refund. gerri: if this gambit from the republicans does not work, are some at risk after not getting the refund? >> anything's possible. look, at the end of the day, if the ceiling is not raised and restrict expenses somewhere, refunds could be down the road. irs says if you electronically file, expect a refund within ten days, similar to last year, but, you know, they could say that now not knowing what's going to happen just, you know, a few weeks from now. gerri: we have no idea. the reality is the irs does not control this. >> absolutely not. gerri: that they have to react,d it takes a long time to make changes that need to
they file taxes. now, i know you are against refunds, but do you think it's possible they delay refunds? >> i'm hopeful it's not. i think the reality is congress will do the right thing. possibly suspend the debt ceiling, allow for, you know, lenders to get paid both, you know, people holding treasuries as well as people who are actually lending the government money expecting a refund. gerri: if this gambit from the republicans does not work, are some at risk after not getting the refund?...
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Jan 15, 2013
01/13
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and mean, this is a tax on both sides of the aisle, and sometimes there is real racism than these to be pointed out. >> that is like crying wolf when it is not there just first the whole cause. when susan rice did not good to be secretary of state democrats said that is racism, because she is black. >> and the woman question we have up black boy named tracy was secretary of state and other republicans. >> as we did. yes we did. >> you pointed out something that he was too polite to say. he said during the campaign committee has every right to put those examples on because when that happened many people took exception to it. it was more than a dog whistle comments were anyone knew what to deny that happened is to make his case for him. lou: so if you argue as to menu just proved the case for him, and therefore all the damfool would argue about an objective standard of truth to what the value or racists confirms. that's pretty complicated and we thank you for sharing with us. thank you so much. the key for being with us. good night from new york. ♪
and mean, this is a tax on both sides of the aisle, and sometimes there is real racism than these to be pointed out. >> that is like crying wolf when it is not there just first the whole cause. when susan rice did not good to be secretary of state democrats said that is racism, because she is black. >> and the woman question we have up black boy named tracy was secretary of state and other republicans. >> as we did. yes we did. >> you pointed out something that he was...
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Jan 14, 2013
01/13
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and that is because the federal and local tax rates, marginal tax rates combined in high tax states are not on high income taxpayers are now in the neighborhood of 50%. in my home state of connecticut, it's 48.5%, in new jersey and new york, it's higher. and in california, it's higher again. >> right. >> and 50% is well past the peak of the curve, meaning that as production rises -- as taxes rise, production diminishes. so, when taxes go to 100%, production goes to0 and the government collects nothing. >> right. >> so, as taxes rise, the government's stake will diminish. and the government's stake is maximized somewhere between 40% and 45%. and we are beyond that. so, the government's stake is going to diminish from here on, so raising taxes is no longer going to be an answer to deficit reduction and apparently neither is cutting spending. >> yeah, i mean, i guess, you know, the broad -- the broad populous, you know, the people, i don't know that they necessarily understand the implications of not cutting spending, because it does feel like, you know, it constantly goes on the republica
and that is because the federal and local tax rates, marginal tax rates combined in high tax states are not on high income taxpayers are now in the neighborhood of 50%. in my home state of connecticut, it's 48.5%, in new jersey and new york, it's higher. and in california, it's higher again. >> right. >> and 50% is well past the peak of the curve, meaning that as production rises -- as taxes rise, production diminishes. so, when taxes go to 100%, production goes to0 and the...
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Jan 16, 2013
01/13
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i thought conservatives hated taxes. burnett said this liberal tax exists to make a point. >> we have a fiscal problem in this country. we've got to deal with it or we don't have a country. so to kind of help make that point a little bit, i charge them just a little bit more. >> yeah, it's all our fault. to add insult to injury, burnett donates the extra dollar to the conservative cause like the heritage foundation. jim demint will like that. but vernal, utah, is located in solid red county, folks. 90% of the residents there voted for mitt romney. less than 9% voted for barack obama. burnett's controversial pricing is getting him free publicity and lots of love from local republicans. but his stunt will not single-handedly fund jim demint and the heritage foundation. at $1 per liberals, let's add it all up. >> actually, all three liberals have been happy to pay it. >> there you go. heritage foundation, good luck with the three extra bucks. don't spend it -- well, yeah, go ahead, spend it in one place. >>> tonight in our
i thought conservatives hated taxes. burnett said this liberal tax exists to make a point. >> we have a fiscal problem in this country. we've got to deal with it or we don't have a country. so to kind of help make that point a little bit, i charge them just a little bit more. >> yeah, it's all our fault. to add insult to injury, burnett donates the extra dollar to the conservative cause like the heritage foundation. jim demint will like that. but vernal, utah, is located in solid...
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Jan 16, 2013
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we have a whole tax code that helps states like new york that have higher taxes because they can take it off of their federal income taxes. that has to be part of that, as well. i think we need to help those in need is something we should be doing but if you are not going to spend 80% of the dollars for two years what's the rush? why hurry? get to the direct needs now and that's what i think is important and that's why i offered a transparency amendment that says let's see where the money is going. fema needs reform. we should be reformed it the last two years, a decade ago, after katrina problems and hopefully we can make progress when we do that. >> thank you very much. we appreciate your time. >>> still to come, france has sent more troops in to mali to fight the war there and the united states promises to help. what is help going to mean for american troops? >>> plus an "outfront" investigation, birth tourism. paying women big money to come to the united states and give birth to new american citizens. >>> and president obama goes it alone on gun control. one senator compares the p
we have a whole tax code that helps states like new york that have higher taxes because they can take it off of their federal income taxes. that has to be part of that, as well. i think we need to help those in need is something we should be doing but if you are not going to spend 80% of the dollars for two years what's the rush? why hurry? get to the direct needs now and that's what i think is important and that's why i offered a transparency amendment that says let's see where the money is...
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Jan 15, 2013
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to dodge ten's of millions of taxes in the city of chicago. the rta reports a single part-time employee works at that office one person that on a recent visited consultants found it locked. only a few chairs and desks through a window. the office is completely legal and any lawsuit would be without merit. rick live enthall is live in our newsroom tonight. how can they get away with this? >> most are collected where products are received. if you fill up with jet fuel that's where the taxes are collected. >> the purchase is accepted opening this possible loophole. advise half a million gallons of jet fuel every day at o'hare airports. most of the fuel transactions are negotiated through united chicago headquarters. it alleges an airline subsidiary opened a small office in sick more. we have video provided by the rta. you get a tax kickback from the town saves a few hundred million. the only reason the fuels had the office in sick more is to create a sham packed for fuel rather than lower tax jurisdiction. in a statement united airlines says it h
to dodge ten's of millions of taxes in the city of chicago. the rta reports a single part-time employee works at that office one person that on a recent visited consultants found it locked. only a few chairs and desks through a window. the office is completely legal and any lawsuit would be without merit. rick live enthall is live in our newsroom tonight. how can they get away with this? >> most are collected where products are received. if you fill up with jet fuel that's where the taxes...
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Jan 14, 2013
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this is the same crew that were saying they would never see taxes go up. we don't need every member in a republican party. we need 218 votes in the house for a reasonable package. and, you know, you have to watch for people to do, not just what they say. in the u.s. capitol, you can't walk in here with a grun. you can't walk in here with an assault weapon. over in the supreme court which says you have this unlimited right to have a gun, you can't walk in there with a gun. why should people walk sbhinto schools or movie theaters? that congress should provide for the american public. we know that guns can be dangerous in the wrong hands. that's why we have all of the rules and regulations and the security protections here. and we need to make sure that in our day care centers and our communities, we provide a better safety environment for our kirn. >> now, rooiyan, it seems like e republ lip cans, and i noticed the congressman said we don't need them all, some republicans do sound like they are more open to possible gun legislation more than some of the far
this is the same crew that were saying they would never see taxes go up. we don't need every member in a republican party. we need 218 votes in the house for a reasonable package. and, you know, you have to watch for people to do, not just what they say. in the u.s. capitol, you can't walk in here with a grun. you can't walk in here with an assault weapon. over in the supreme court which says you have this unlimited right to have a gun, you can't walk in there with a gun. why should people walk...
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Jan 15, 2013
01/13
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when we pay our gasoline tax, we spend that money to the federal government. they skim off management fee and then they dole it out all over again to things like a museum dedicated to the packer, a movie about movies about the road for alaska, things like that. airport money, we spend all of this, there's a tax in all of our tickets, and yet all that money goes into a big pile and the vast majority of it does not go to the biggest airports in the country. it goes to the ones that are the most politically connected. you really have to disengage congress and get more private money going directly where they can actually make a profit and you'll get more infrastructure. >> yeah, but donna, i mean, president obama signed the recovery act and spend billions on infrastructure project. did we get our money's worth? what did that money goes toward? >> well, first let me say, we do need some more money. yes, some airports can be built privately, and there's no question we're spending the money in the wrong places, but even if we took all the money going to highways, lik
when we pay our gasoline tax, we spend that money to the federal government. they skim off management fee and then they dole it out all over again to things like a museum dedicated to the packer, a movie about movies about the road for alaska, things like that. airport money, we spend all of this, there's a tax in all of our tickets, and yet all that money goes into a big pile and the vast majority of it does not go to the biggest airports in the country. it goes to the ones that are the most...
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Jan 17, 2013
01/13
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don't forget about the taxes coming to fruition here as well, but what we're seeing here is kind of a united states corporate america that's really focusing on america, on building jobs. walmart saying they are going to spend $50 billion over the next ten years on u.s. goods. apple saying that they are bringing back manufacturing to the united states from asia, ge for the past couple of years, billing factories in the u.s., and i think we'll continue to see that which gives people a comfort level. it's buy american again, and i think that that helps move us forward. >> very good. sam, thank you, i'll see you on the countdown coming up in a few minutes here. >> thank you so much. >>> ten minutes before the closing bell sounds for the day. a market holding on to the gains. up 96 points, shy of the high of the afternoon. >> mortgage banking revenues surged by 71% at bb&t, but if refis drop off, what happens to their bottom line? we'll speak with ceo kelly king. >> and later i'll speak with the ceo of the nation's largest mortgage originator. john stumpf will tell us if he thinks the hous
don't forget about the taxes coming to fruition here as well, but what we're seeing here is kind of a united states corporate america that's really focusing on america, on building jobs. walmart saying they are going to spend $50 billion over the next ten years on u.s. goods. apple saying that they are bringing back manufacturing to the united states from asia, ge for the past couple of years, billing factories in the u.s., and i think we'll continue to see that which gives people a comfort...
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Jan 14, 2013
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see if it lasts because it's being explained away as people pull forward their bonuses in 2012 for taxes. let's see if it lasts beyond that. earnings are slowing down. the economy is slowing down. and on the positive, you've got the fed pushing real hard. so maybe we don't have a big down in the market because of the fed, but the fundamentals beyond the fed are real hard to support the market going up. >> china's improving. japan is in uber-stimulus mode. a number of people have changed their gdp numbers this weekend 2.5%. it's not horrible and it's slowly improving. >> it is definitely tough out there. there's no argument there. final word very quickly, ralph. i just want to get your single best idea right here. if your scenario materializes and this market goes up, what's your best idea? where do you want to put your money today? >> xlf. financials. >> that's his financial sector there. >> yep. >> thanks, guys. >> we'll see you soon. thank you so much. we'll keep you updated on the dell story as it develops. we are in the final stretch of trading. 45 minutes until the closing bell soun
see if it lasts because it's being explained away as people pull forward their bonuses in 2012 for taxes. let's see if it lasts beyond that. earnings are slowing down. the economy is slowing down. and on the positive, you've got the fed pushing real hard. so maybe we don't have a big down in the market because of the fed, but the fundamentals beyond the fed are real hard to support the market going up. >> china's improving. japan is in uber-stimulus mode. a number of people have changed...
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Jan 17, 2013
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as i sat the other night, if only the corporations said corporate tax law, it would be pretty low. if only the gun guys set gun laws, there aren't going to be any gun laws. the people who don't own guns or own guns casually will have to do something. >> that's exactly right. traes what the president has taken away from the lessons of newtown. listening to the heartbeat of the people on this right now. you can see it in the polls. you hear it in the language, and right now the gop's message is out of sync with that heartbeat and i think there are ways and opportunities for them to get back in sync to lay out that concern about the second amendment and why the protection is important, but put it out there in the context of those kids who were killed because that's what people see most of all. >> let's talk about the president's strength now. bob, this monday and this tuesday he will have taken the oath a second time. the american people have doubled down on this president, a majority of the american people have voted for this guy. two majority votes. he will have that in his pocket s
as i sat the other night, if only the corporations said corporate tax law, it would be pretty low. if only the gun guys set gun laws, there aren't going to be any gun laws. the people who don't own guns or own guns casually will have to do something. >> that's exactly right. traes what the president has taken away from the lessons of newtown. listening to the heartbeat of the people on this right now. you can see it in the polls. you hear it in the language, and right now the gop's...
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Jan 18, 2013
01/13
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and you were targeted because you voted for a tax increase. but at the time you said, "there are times in all our careers when we must ask ourselves why we're here." marjorie, great to have you with us tonight on "the ed show." >> nice to be here. >> you are an example of courage, and the president has said this is going to take courage. can you apply what you went through to today's gun debate? what do you think? >> oh, well, i was also targeted. i mean, they just loaded both of the barrels and came after me also. i was just talking tonight with somebody who worked for me in my congressional office, arlene hal pernin. she said the phones never stopped ringing. and that's one of the problems. but as a member of congress you have to understand that people do not call in when they're satisfied. so nine out of ten calls said vote against this. and at that time it was in '93 and we were talking about an omnibus spending bill. it was a deficit reduction bill but of course it was called the tax increase. and there were things in the bill that i like
and you were targeted because you voted for a tax increase. but at the time you said, "there are times in all our careers when we must ask ourselves why we're here." marjorie, great to have you with us tonight on "the ed show." >> nice to be here. >> you are an example of courage, and the president has said this is going to take courage. can you apply what you went through to today's gun debate? what do you think? >> oh, well, i was also targeted. i mean,...
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Jan 16, 2013
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. >> andrea: that is not important if we raise taxes on rich to talk about gun control. does it always have to be a dog-and-pony show? he used kids for the stimulus. now he is using kids again. it's just always a gimmick. never about the real policies. p.r. and how it looks. i will say this, i work for a republican memberbe. who had press conbe france using children once. the flak we took for it was incredible. >> dana: not worth it. >> andrea: there are not a lot of republicans that would do it since it happened. they remember it well. but there are two set of rules, bob. one for the democrats and one for republicans. >> dana: it's like saying well, we care for children and you don't. >> bob: obama is the first person to use people as backdrop for the press? give me a break. you could be bipartisan if the republicans come forward for gun control. >> eric: again you want to get to gun control discussion. stay on this for a few more minutes. really, using kids. >> bob: really, using kids. >> eric: using kids who are family, surrounding the victims of the newtown, connecti
. >> andrea: that is not important if we raise taxes on rich to talk about gun control. does it always have to be a dog-and-pony show? he used kids for the stimulus. now he is using kids again. it's just always a gimmick. never about the real policies. p.r. and how it looks. i will say this, i work for a republican memberbe. who had press conbe france using children once. the flak we took for it was incredible. >> dana: not worth it. >> andrea: there are not a lot of...
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Jan 21, 2013
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peter: the president also did however discuss revamping the tax code, reducing healthcare spending, trying to reduce deficits, but acknowledging the realities of divided government, said, quote, today's victories will only be partial. cheryl? cheryl: peter barnes of course standing by at the white house, big day in d.c., cold day as well. peter thank you. well, while most of the markets are closed today, money is still moving. now is your chance to make money on currencies. joining me now for a fox business exclusive interview is forex.com senior currency strategist. welcome. currency markets are moving today. currency is a bit of great interest with regards to the european currencies and there's japan. big meeting today, bank of japan, more concern about deflation in that country, what is your reading right now on the country of japan and the yen in particular? >> they have been taking some pretty extraordinary measures over the past to months or so -- past two months or so. been very very aggressive in terms of easing the japanese yen. he believes that's going to be the major thing to tu
peter: the president also did however discuss revamping the tax code, reducing healthcare spending, trying to reduce deficits, but acknowledging the realities of divided government, said, quote, today's victories will only be partial. cheryl? cheryl: peter barnes of course standing by at the white house, big day in d.c., cold day as well. peter thank you. well, while most of the markets are closed today, money is still moving. now is your chance to make money on currencies. joining me now for a...
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Jan 18, 2013
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in the end a tax is a tax. you're talking about taxing products they buy, investment they make for their business, maybe or products they're selling. so it does seem like it would be an impediment elsewhere in their business. they think in the end it is a better tradeoff? >> it is a better tradeoff, again we're talking about simplicity and fairness. give up the exemptions, they're no longer paying corporate tax, if you're a small business, you pay through the individual income tax anyway. and then the other attractive feature, it means their employees would no longer being paying individual income tax and that's very important to them in terms of attracting talent to their company and to our state. melissa: one place where i think you might have have a problem you say you want to create jobs in your state but you boast an incredible unemployment rate, 3.7%. i mean, i wasn't even sure that was possible any longer. it is supposed to create inflation when your unemployment rate is below 4%. you don't want to drive
in the end a tax is a tax. you're talking about taxing products they buy, investment they make for their business, maybe or products they're selling. so it does seem like it would be an impediment elsewhere in their business. they think in the end it is a better tradeoff? >> it is a better tradeoff, again we're talking about simplicity and fairness. give up the exemptions, they're no longer paying corporate tax, if you're a small business, you pay through the individual income tax anyway....
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Jan 20, 2013
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california, an ngry homeowner getting his version of revenge on the tax man. upset in the 14,000 tax bill and the man paying most of it in change wheeling in nickels and dimes. >> i had to borrow money and missing a few payments . my grand kids piggy bank my daughter's piggy banks and my mon yechange and a lot of people offered to help. >> the clerk surprised to say the least but accepted it after counting it. pennsylvania. penguins on parade. stars of the show waddling their way past crowds of curious family. >> she was excite we ran all the way here. >> they were wademing aroundd and they will do this every weekend through february. >> that's the fox watch in america. car lovers from all over putting the pedal to the medal and racing to scottsdale, arizona . you have to go there to get the coolest cars . it is it best to steer clearr of the auctioneer who i understand is going crazy right now . auctioning in full speed. i could listen to that all day. they will pick up that for his wife. their anniversary. good bless them. >> sale of the hot wheels expected
california, an ngry homeowner getting his version of revenge on the tax man. upset in the 14,000 tax bill and the man paying most of it in change wheeling in nickels and dimes. >> i had to borrow money and missing a few payments . my grand kids piggy bank my daughter's piggy banks and my mon yechange and a lot of people offered to help. >> the clerk surprised to say the least but accepted it after counting it. pennsylvania. penguins on parade. stars of the show waddling their way...
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Jan 17, 2013
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whatever that tax rate works. it can cover their expense, buy books, scene their kids to school, put food on the table. it doesn't matter where the tax was a generation ago or three years ago because we assimilate, we're a productive capitalist society that assimilates. it on lie matters where you are. love steve liesman's presentation. it's about government spending. what i find fascinating, what we have here is on one side debt. on the other side we have stimulus but not really. okay. boy the board is even getting excited. but debt and stimulus are the same. it just depends on which side of the check you're on. the 1.2 trillion every year in debt is basically a stimulus. so why is it so shock or why is it that to stop increasing debt that once you do the numbers go down? you know what it's like? you remember those old cars in the old days. you had stick shift. your battery was dead you pushed it to get it going. say you have to pay your buddies 20 bucks to get a push. if after 50 pushes it doesn't start maybe th
whatever that tax rate works. it can cover their expense, buy books, scene their kids to school, put food on the table. it doesn't matter where the tax was a generation ago or three years ago because we assimilate, we're a productive capitalist society that assimilates. it on lie matters where you are. love steve liesman's presentation. it's about government spending. what i find fascinating, what we have here is on one side debt. on the other side we have stimulus but not really. okay. boy the...
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Jan 14, 2013
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the reality is, an agreement that has taxes in, spending cuts, but also the debt ceiling would not be a negotiation. >> and jennifer, what's interesting, i keep hearing from republican leadership. they would love to actually, they don't want, the debt limit is not where they want to have this focus. they want it on the government shutdown, the continuing resolution, but they don't know how to get their members to see it the way they see it. >> that's right. a long time ago in the ages of 2011, they thought that using the debt ceiling was a great idea and got them great leverage. they have climbed up the mountain and rig down the mountain so many times with this president. >> climbed down the mountain. i think it was a -- >> good point. talk about a cliff. but, you're right. they don't really want to play that game. they don't want to be accused of not paying the country's bill, but how do thaw use that leverage in order to finally get to cuts, which the president said will be coming, but never seems to come in their lives. >> back to the white house here, boy, the markets would love t
the reality is, an agreement that has taxes in, spending cuts, but also the debt ceiling would not be a negotiation. >> and jennifer, what's interesting, i keep hearing from republican leadership. they would love to actually, they don't want, the debt limit is not where they want to have this focus. they want it on the government shutdown, the continuing resolution, but they don't know how to get their members to see it the way they see it. >> that's right. a long time ago in the...
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Jan 17, 2013
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unless we get the cooperation from the political parties who say taxes how much they spend and how much they regulate. by that, it is just not sufficient. we spoke about last night was about the banks, not monetary policy. david: there is a conflict with regards to the fed interest and pump up the market, if you will, and unemployment mandate for the employment mandates you just mentioned. stocks go up and companies lay workers off, that happened with american express and in the past with other companies, so if the intention of the fed is to pump up the stock market, doesn't that sometimes conflict with its mandate to keep unemployment low? >> they're all kinds of approaches to this, david. one of them is the wealth effect, if stocks go up, through the broad pulls the mutual fund or more directly obviously feel wealthier and will be able to spend more and pump of consumption with consumption driven society others might argue it is a narrower base than it used to be, so it is a give and take, pros and cons of every single argument. clearly those publicly traded have been able to capitali
unless we get the cooperation from the political parties who say taxes how much they spend and how much they regulate. by that, it is just not sufficient. we spoke about last night was about the banks, not monetary policy. david: there is a conflict with regards to the fed interest and pump up the market, if you will, and unemployment mandate for the employment mandates you just mentioned. stocks go up and companies lay workers off, that happened with american express and in the past with other...
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Jan 21, 2013
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he's a liberal democrat or a radical democrat, who wants bigger government, higher taxes, more power in washington. redistributionist policies and secular values and that is who he is and i think rather than hoping he'll somehow moderate, we should set our own agenda and we should look where we have leverage. i actually think, mike, that the house republicans were very wise in williamsburg to decide that they were not going to fight over the debt ceiling over the next three months, get na out of the way for 90 days and then focus on the continuing resolution, on the sequester. because they fit exactly what the president said. this is real spending. i mean, under our constitution, nothing can be spent that the house does not pass. and so, the house republicans really have an opportunity to set a whole new standard not trying to figure out what kind of deal obama wants, but deciding what in good conscience they're willing to past. >> mike: in your experience as speaker of the mouse and somebody who as really engineered the republican takeover of the house back in the 1994 elections, sp
he's a liberal democrat or a radical democrat, who wants bigger government, higher taxes, more power in washington. redistributionist policies and secular values and that is who he is and i think rather than hoping he'll somehow moderate, we should set our own agenda and we should look where we have leverage. i actually think, mike, that the house republicans were very wise in williamsburg to decide that they were not going to fight over the debt ceiling over the next three months, get na out...
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Jan 17, 2013
01/13
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a lot to our tax funds the they own nearly 20% of the investments from apple stock is that a good idea? >> it depends going forward. gerri: what happened to a different pot? that is ridiculous. >> the rule that mutual funds you should not have more than 10% of any position. gerri: how many growth fund and value fund with the same stock? i think portfolio managers saw the of run up and wanted to get on board whether not yet matched their portfolio plan they plowed a bunch of money into it. >> there was momentum chasing for sure. apple is going through a major transition in terms of the growth profile. it had a hyper growth period now going forward just a normal good growth period the results in a change of ownership. one year ago more growth fund had the stock with a larger percentage from apple. gerri: by so or hold? >> i would hold for sure. exciting for apple going forward we have patterns of period to go into these periods and then slowed down. you do see the a 25% correction but you cannot predict when it sorts out but they are changing the business model. they will become more bra
a lot to our tax funds the they own nearly 20% of the investments from apple stock is that a good idea? >> it depends going forward. gerri: what happened to a different pot? that is ridiculous. >> the rule that mutual funds you should not have more than 10% of any position. gerri: how many growth fund and value fund with the same stock? i think portfolio managers saw the of run up and wanted to get on board whether not yet matched their portfolio plan they plowed a bunch of money...
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Jan 14, 2013
01/13
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perhaps hiking taxes on the rich is up with of them. but that does not mean we don't do a lick about our debt. not getting a handle on spending wasn't one of them. hearing only one side don't make you a journalist but doing so to ignore the other side makes you charyl top. charlatan. go after the goose, go after the gander. what is a gander? do you know? be fair, balanceed. both sides. have at it. >> dana: hello, i'm dana perino with kimberly guilfoyle, bob beckel, eric bolling, andrea tantaros. it's 5:00 in new york city. this is "the five." ♪ ♪ >> dana: earlier today, president obama held the final press conference of his first term in the east room of the white house. the main attraction, our old friend the debt ceiling. they could default on the debt, unless the debt ceiling is raised. republicans want the president to cut spending before they i gree on a deal. but the president at no time seem eager for compromise. listen. >> we have to stop lurking from crisis to crisis to crisis. when there is a clear pass that requires disci
perhaps hiking taxes on the rich is up with of them. but that does not mean we don't do a lick about our debt. not getting a handle on spending wasn't one of them. hearing only one side don't make you a journalist but doing so to ignore the other side makes you charyl top. charlatan. go after the goose, go after the gander. what is a gander? do you know? be fair, balanceed. both sides. have at it. >> dana: hello, i'm dana perino with kimberly guilfoyle, bob beckel, eric bolling, andrea...
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Jan 16, 2013
01/13
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on the tax deal, house republican leaders had political cover from senate republicans. on sandy, chris christie provided the political cover, leaving house leaders, frankly, cowering. now the kotch brothers, through a group they backed, called americans for prosperity, are the latest to give boehner and other house leaders cover on the debt ceiling, as they get their rank and file to pick other political fights. tim phillips, president of americans for prosperity, told the financial times, quote, we're saying calibrate your message, focus on long-term spending instead of long-term debt. focusing on the debt ceiling makes the message more difficult. when i asked walden about the debt ceiling yesterday, he was clearly noncommittal, hinting on where the republican leadership maybe is on this. if there's not a majority in the house republican to raise the debt limit, but there is a majority in the house of representatives to raise a clean debt limit, would this leadership be willing to do that? >> you know, let's look at how do we avoid default on america and american's deb
on the tax deal, house republican leaders had political cover from senate republicans. on sandy, chris christie provided the political cover, leaving house leaders, frankly, cowering. now the kotch brothers, through a group they backed, called americans for prosperity, are the latest to give boehner and other house leaders cover on the debt ceiling, as they get their rank and file to pick other political fights. tim phillips, president of americans for prosperity, told the financial times,...
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Jan 15, 2013
01/13
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. >> dana: can you write it off your taxes? >> kimberly: if you claim them as a depep dent. dent -- dependent. >> eric: i looked a at this and checked it out. >> kimberly: for research. >> eric: guy gives money toward the tuition. what does the girl do? >> dana: that was the seriously missing from the article. >> bob: what does the girl do? >> eric: i know what the girl does on the street but what does she do on the website? >> bob: keep it classy. probably sweeps the rooms out and does the dishes. >> eric: leave it there. directly ahead, glamour, glitz, controversy in tinsel township. yotown. stars gathered for the golden globes. we have our best moments. >> dana: next on "the five." ♪ ♪ back to new york and my colleagues with "the five." >> i really haven't been followen the controversy over "zero dark thirty" but when it comes to torture i trust a man who spent three years married to james cameron. >> kimberly: all right. well that was co-host amy having fun at james cameron's expense last night. "argo" and "girls" and "homeland" were the big winner bus the three-hour
. >> dana: can you write it off your taxes? >> kimberly: if you claim them as a depep dent. dent -- dependent. >> eric: i looked a at this and checked it out. >> kimberly: for research. >> eric: guy gives money toward the tuition. what does the girl do? >> dana: that was the seriously missing from the article. >> bob: what does the girl do? >> eric: i know what the girl does on the street but what does she do on the website? >> bob: keep it...
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Jan 18, 2013
01/13
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. >> greta: taxes and have you thought about our corporate tax rate? >> could have,we have the highest corporate tax rate in the entire world now. japan used to be number one and u.s. number two. they cut their rates and now when you combine state and federal taxes, the highest corporate tax rates in the world. >> greta: how does that affect your business? you're very successful, you're a rich man and how does it affect you and your employees. >> every dollar we pay in taxes is a dollar that we can't give back to the customers in lower prices, a dollar we can't pay to our team members and higher wages and benefits. it's a dollar that we can't give back to the suppliers with lower prices. it's a dollar that we can't donate fill v-- fi -- and you need to hear this next, but the headlines are screaming scandal. a new cheater joining the ranks of tiger woods, arnold schwarzenegger and kristin stewart. who is it? well, that's coming up. and in two minutes, a 16-year-old is drunk driving and a mother finds a public way to punish him. is she teaching him a go
. >> greta: taxes and have you thought about our corporate tax rate? >> could have,we have the highest corporate tax rate in the entire world now. japan used to be number one and u.s. number two. they cut their rates and now when you combine state and federal taxes, the highest corporate tax rates in the world. >> greta: how does that affect your business? you're very successful, you're a rich man and how does it affect you and your employees. >> every dollar we pay in...
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Jan 18, 2013
01/13
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it's really sort of taxed the entire hospital system. we have patients in our emergency room, have crowded a lot of patients in the emergency room. we've used a lot of techniques to accommodate the influx of patients we've seen. >> are you seeing at least at press, are other hospitals, those extraordinary measures that some have taken, are they beginning to pull back a bit? >> we're not pulling back yet. as i said, we've seen a slight decline in the last couple days. but we want to make sure it actually starts falling considerably before we pull back. we've got additional staff on board. we've opened up additional units in order to take care of these patients. we've created new protocols in our emergency room to tri to triage them so make sure they're not mixing with the other patients. those policies will still be in place for the next couple weeks likely. >> in kitchens, and offices around the country, people are still talking about whether to get a vaccination, right? >> yes. >> they can start as early as october. if you haven't gotte
it's really sort of taxed the entire hospital system. we have patients in our emergency room, have crowded a lot of patients in the emergency room. we've used a lot of techniques to accommodate the influx of patients we've seen. >> are you seeing at least at press, are other hospitals, those extraordinary measures that some have taken, are they beginning to pull back a bit? >> we're not pulling back yet. as i said, we've seen a slight decline in the last couple days. but we want to...
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Jan 20, 2013
01/13
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the republicans wouldn't vote for tax increases for millionaires -- for tax increases for millionaires. you could do it on guns, you could do it on immigration. you have a lot of tough issues s and you force the republicans to make ugly votes and that's their strategy. that's their strategy to take control of the house. >> the premise of that scares enough republicans into enough action to get mobilized. >> look at what just happened. the republicans in the last day or so, punted on the debt ceiling. i think that was smart. but the reason they did it was they thought a trap had been set and if they didn't, they would look bad. i think that's what would have happened. but that's an idea what have chris is talking about. >> chris, brit, thank you. >> you have a leak in your roof, you if i can it, right? >> but what happens when the capitol building this has a lot of leaks? we'll show you, after the break. mine was earned in djibouti, africa, 2004. the battle of bataan, 1942. [ all ] fort benning, georgia, in 1999. [ male announcer ] usaa auto insurance is often handed down from generatio
the republicans wouldn't vote for tax increases for millionaires -- for tax increases for millionaires. you could do it on guns, you could do it on immigration. you have a lot of tough issues s and you force the republicans to make ugly votes and that's their strategy. that's their strategy to take control of the house. >> the premise of that scares enough republicans into enough action to get mobilized. >> look at what just happened. the republicans in the last day or so, punted on...
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Jan 16, 2013
01/13
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. >> you want to go for more tax increases after the tax increases that went through on the fiscal cliff? >> i think closing loopholes, i think there has to be revenue enhancement and closing loopholes, already raised the tax rates, but there's got to be some spending cuts to go along with it. i'm not going to give away the store unless we get something in return. >> you did that already. did you that already at the end of the year? >> i'm not in congress thankfully. i'm running a very fiscally prudent state that's well managed and lives within its means and saves money for a rainy day and is growing the economy to produce more growth money by expanding a healthy economy. washington would do a lot to listen and watch what we're doing in utah because we're doing it right. >> you sure r.governor, thanks very much. appreciate your time today. >> thank you. >> we'll see you soon, governor. thank you. >> headed towards close, sort of meandering here, and much of the decline for the dow, down 32 points, the result of boeing's decline today which we'll be talking about. >> up next, jpmorgan ceo
. >> you want to go for more tax increases after the tax increases that went through on the fiscal cliff? >> i think closing loopholes, i think there has to be revenue enhancement and closing loopholes, already raised the tax rates, but there's got to be some spending cuts to go along with it. i'm not going to give away the store unless we get something in return. >> you did that already. did you that already at the end of the year? >> i'm not in congress thankfully. i'm...
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Jan 15, 2013
01/13
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and many thought president obama wanted to go over in order to raise taxes. to do the same thing over the debt ceiling and get full blame for it, it could genuinely destroy the republican party, of course while destroying the economy. >> there is that little problem, for republicans. so what about this point, ezra, that the president, the federal government could easily meet its obligations on actual debt payments through bonds and that sort of thing. but it would be the spending, the discretionary spending that they would have to cut under these circumstances. so there wouldn't ever be, many republicans insist they wouldn't ever be a realistic prospect of default in this. and that is why the president uses the word "obligations," instead of the word debt because they may just agree with them that there wouldn't actually be a debt default. >> it is unclear, we literally don't know what would happen because it never happened bef e before. so a legal authority is not all obvious. so there is a question, for the treasury department, to decide if we pay off the b
and many thought president obama wanted to go over in order to raise taxes. to do the same thing over the debt ceiling and get full blame for it, it could genuinely destroy the republican party, of course while destroying the economy. >> there is that little problem, for republicans. so what about this point, ezra, that the president, the federal government could easily meet its obligations on actual debt payments through bonds and that sort of thing. but it would be the spending, the...
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Jan 16, 2013
01/13
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they did not raise taxes. in addition, we have a very business friendly atmosphere. if you come to texas, we will not pull the rug out from under your feet. connell: businesses, sometimes individuals, sometimes larger businesses are leaving state than going to others mostly because of taxes. how much of that juicy and texas in texas and what industries is a really predominate. >> we do not have an income tax. that is a powerful magnet. they do not expect us to go ahead and spend beyond our means. they, in because of the business atmosphere and because we like visitors. a friendly place. the idea of getting to the numbers that you talked about during the first part of the interview and getting through the projections that this particular group put out that this $9 billion gap, specifically, how do you get there sure mark where did the cuts come from? >> i do not know where that number came. there will be a supplemental appropriations bill which we filed in a few weeks. they will fill some of the medicaid that we do not have. it is available in the surplus and it is av
they did not raise taxes. in addition, we have a very business friendly atmosphere. if you come to texas, we will not pull the rug out from under your feet. connell: businesses, sometimes individuals, sometimes larger businesses are leaving state than going to others mostly because of taxes. how much of that juicy and texas in texas and what industries is a really predominate. >> we do not have an income tax. that is a powerful magnet. they do not expect us to go ahead and spend beyond...
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Jan 16, 2013
01/13
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bill install and he works his magic and the phones and gets his way on that and gets his way on the tax bill that kennedy couldn't get through. my question is when you look at the great skills and the talents that lbj had dealing with the senate and congress, do they really apply in the era of hyper polarization that we live in? the republican leader. does mitch mcconnell respond with the same? >> i think you have to remember that there was terrific polarization in the 1960s. the democratic party was in control of tourn democrats who were against the kifl rights bills and controlled the mitties. the house were mostly in control of people against the bills. they were also against most of the great society programs. he had to find republicans that would support him. what the hell is say presidency for is a quote of johnson when early 64 before his first state of the union after kennedy died, his entire staff said don't go for the civil rights bill. it's a presidential election year and hang on to the presidency and we will do it after that. he said what the hell is say presidency for? we
bill install and he works his magic and the phones and gets his way on that and gets his way on the tax bill that kennedy couldn't get through. my question is when you look at the great skills and the talents that lbj had dealing with the senate and congress, do they really apply in the era of hyper polarization that we live in? the republican leader. does mitch mcconnell respond with the same? >> i think you have to remember that there was terrific polarization in the 1960s. the...
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Jan 16, 2013
01/13
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the president ran on raising taxes on the upper class. he raised taxes on 77% of us. where are the spending cuts? guest: the president laid out in his press conference there have been $1.5 trillion in terms of spending cuts and caps on appropriation bills. those caps have been adhered to. it is a myth we have not had spending cuts. are we going to hit health care? i feel deeply in terms of research. a quick story. my wife ran a group at nih. when she started, there would have for peer review 100 applications. maybe 50 of them were topflight and there were reviewed by peer review. out of that they might pick 25 that should be funded. in those days, there was enough money of the top caliber to fund may be 10, 15. wo, or it is one, tow, o three of the original 100. there is not adequate funding for our health. are we going to further cut funding for nih for health research in this country? we need to retrain americans so they can qualify for every kind of job. we have a trainee deficit in this country. we need to do a better job. are we going to hurt that effort? that is
the president ran on raising taxes on the upper class. he raised taxes on 77% of us. where are the spending cuts? guest: the president laid out in his press conference there have been $1.5 trillion in terms of spending cuts and caps on appropriation bills. those caps have been adhered to. it is a myth we have not had spending cuts. are we going to hit health care? i feel deeply in terms of research. a quick story. my wife ran a group at nih. when she started, there would have for peer review...
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Jan 17, 2013
01/13
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by the death tax. people didn't like it before. they don't like it now. >> i feel like with gun laws in particular the second amendment is the go-to argument. it is the banner under which the nra marches. >> i think it's enjoyable for people who felt like they're being bullied by the second amendment, and -- until obama went out and said you have a right to worship freely, i really don't. i tend to think that the people who -- >> i think that it does reframe it so that folks actually feel comfortable coming in, and actually supporting. what i mean by that is, like, nra members are actually overwhelmingly in support of a lot of the stuff with the president is doing, and by saying it actually gives them talking points to talk to their friends and family about it, and that's what they're trying to do. >> right. >> and if glen is right and we're moving towards a second term in which the president is going to be more forth rightly liberal and more principled, then this makes sense, right. this is re-establi
by the death tax. people didn't like it before. they don't like it now. >> i feel like with gun laws in particular the second amendment is the go-to argument. it is the banner under which the nra marches. >> i think it's enjoyable for people who felt like they're being bullied by the second amendment, and -- until obama went out and said you have a right to worship freely, i really don't. i tend to think that the people who -- >> i think that it does reframe it so that folks...
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Jan 16, 2013
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i would look back to that tax vote after christmas. three-quarters of the republican party did not go along with speaker boehner on the compromise on increasing taxes. these guys don't care what leadership has to say about this issue. they want to shrink government. they were elected to shrink government. and whether it's defaulted, whether it's shutting down the government, whether it's allowing sequestration to kick in, they're going to make it happen in the next couple of months. and nobody knows how that will play out. >> we may just find out what happens when we reach the debt limit. jim, in spite of what the white house's grand plans for gun reform may be, there still may be not a lot of backing in congress. if you look at even republicans in the midwest and republicans in the north, how does this play out right now in congress? >> well, right. there's going to be a lot of focus on gun control. there has been since the shooting, and there will be when the president unveils his package today. i would caution people to look at the
i would look back to that tax vote after christmas. three-quarters of the republican party did not go along with speaker boehner on the compromise on increasing taxes. these guys don't care what leadership has to say about this issue. they want to shrink government. they were elected to shrink government. and whether it's defaulted, whether it's shutting down the government, whether it's allowing sequestration to kick in, they're going to make it happen in the next couple of months. and nobody...
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Jan 14, 2013
01/13
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tax bite. >> tax bite all day on cnbc a special series that we're calling a tax bite. where did your money go? earlier this morning we talked to piper jaffray retail analyst about the impact of the higher payroll tax. >> what we get most concerned about would be at the lower income end of the spectrum where consumers live on more of a month-to-month budget. that's just less money for a lot of retailers that would cater to that income demographic. >> you're looking at retailers -- >> that would be the dollar stores. specifically like family dollar, dollar general, or dollar tree. >> joining us now howard levine, chairman and ceo of family dollar stores. you're sensitive to this type of stuff, howard. thanks for coming on today. in past periods like this, is there a pretty clear-cut cause and effect that we will see if people, if your customers get $15 less per week, that $15 cannot make its way into family dollar's coffers, can it? >> sure, joe. and good morning, everybody. thanks for having me this morning. you know, when i think about some of the current news, i've be
tax bite. >> tax bite all day on cnbc a special series that we're calling a tax bite. where did your money go? earlier this morning we talked to piper jaffray retail analyst about the impact of the higher payroll tax. >> what we get most concerned about would be at the lower income end of the spectrum where consumers live on more of a month-to-month budget. that's just less money for a lot of retailers that would cater to that income demographic. >> you're looking at retailers...
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Jan 18, 2013
01/13
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so when it comes to taxes, we're here to help you. that's why we have cpas, enrolled agents, and tax attorneys to answer your questions-- helping you get deductions for uniforms, union dues, and even the miles you drive for a job interview. you deserve to keep more of your hard-earned money. and we're here to help make that happen. turbotax-- the power to keep what's yours. try it free at turbotax.com. [ nyquil bottle ] just reading your label. wait...you relieve nasal congestion? sure don't you? [ nyquil bottle ] dude! [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. home of the all-new grilled onion cheddar burger, topped with melty white cheddar and caramelized onions. plus all your tasty favorites for just a dollar each. every day. ♪ when someone in my family gets the flu. fact: advil not only relieves body aches and pains that can come with the flu, it also reduces fever fast. relief doesn't get any better than this. advil. >> jimmy: in ancient times, our next
so when it comes to taxes, we're here to help you. that's why we have cpas, enrolled agents, and tax attorneys to answer your questions-- helping you get deductions for uniforms, union dues, and even the miles you drive for a job interview. you deserve to keep more of your hard-earned money. and we're here to help make that happen. turbotax-- the power to keep what's yours. try it free at turbotax.com. [ nyquil bottle ] just reading your label. wait...you relieve nasal congestion? sure don't...